KOLKATA/MUMBAI: Canada Pension Plan Investment Board (CPPIB), the giant pension fund that makes private-equity investments, plans to open an India office and has hired Kotak Realty Fund executive V Hari Krishna as a key member of its local team. Krishna would join CPPIB in the coming month from the Kotak fund where he was a director for more than nine years, said two people having direct knowledge of the matter. He has also worked at realestate...

MUMBAI: Several officials of HSBC India will have to bear a slice of the burden for the British bank's shadowy practices in the secret world of Swiss banking. In a recent communique, many employees of the foreign bank have been told that they may have to forego a part of their bonus and pay hikes, owing to fines and penalties that the institution may have to fork out. A spokesperson for HSBC India declined to commen The employees...

MUMBAI: Several officials of HSBC India will have to bear a slice of the burden for the British bank's shadowy practices in the secret world of Swiss banking. In a recent communique, many employees of the foreign bank have been told that they may have to forego a part of their bonus and pay hikes, owing to fines and penalties that the institution may have to fork out. A spokesperson for HSBC India declined to commen The employees...

NEW DELHI: US Pharmacopeia, a non-profit and standards setting organisation, on Wednesday opened its first overseas office and laboratory site in Hyderabad. The unit would help Indian pharmaceutial companies on many scientific and policy initiatives besides accelerating USP's and India's collaborative efforts to reach mutual goals. "With the new USP site in India, we will now be physically closer with these groups so that we can expand cooperation," company president...

NEW DELHI: World Health Organisation (WHO) is "carefully watching" the swine flu situation in India with close to 15,000 people having come down with the disease so far this year even though it said that there are "no signs" yet of the makings of a large outbreak of the H1N1 virus . A senior WHO official said the seasonal influenza was quite normal at this time of the year and that its India office was closely working with the Indian...

MUMBAI: Silicon Valley-based investor Bessemer Venture Partners, which has backed firms like Pinterest and LinkedIn, has raised a global fund with a corpus of about Rs 10,000 crore, over a tenth of which is expected to be invested in India. The VC firm, which has invested also in Snapdeal and TaxiForSure , could deploy over 1,250 crore or $200 million in India, as it continues to scout for technology startups. "We allocate around one-third of the funds...

NEW DELHI: Chinese wireless solutions provider Comba Telecom Limited on Tuesday deepened its engagement with India with launch of its local office and said if the growth here allows it would consider setting up research centre and manufacturing facility. The company has been selling its products that include antennas and tower top solutions for base terminal stations for mobile phone cell sites for the last 18 months. "Till now we were selling in Indian market through...

MUMBAI: Partners Group, one of the world's largest investors in privately held companies, is opening an office in India. The group which manages assets of about Rs 2.5 lakh crore has appointed senior executive Cyrus Driver to head the new office in Mumbai , as it looks to step up operations in the country. "We want to be one of the key players in the Indian private equity industry," said Driver who joined the group two years ago in Singapore. "The (Indian) market went through a cycle...

BANGALORE: Australian agency for health care accreditation, the Australian Council on Healthcare Standards (ACHS), will launch its office in India in early 2007 through its subsidiary ACHS International (ACHSI) and its partner Quality Health Australia (QHA). The agency will offer the ACHS accreditation programmes for India. The ACHSI and QHA have entered into an agreement with the Quality Council of India and the National Accreditation Board for Hospitals...

MUMBAI: Global content management solutions provider Interwoven Inc has opened its India office in the north-west suburb of the city and appointed Sunil Chavan, sales manager, Singapore, as its country manager. "With this new office, we will continue to support the growing need across Asia-Pacific (APAC) market, where we already have a significant customer base," Interwoven vice-president, APAC (operations), Anurag Srivastava, said in a release here on Monday. The company...

NEW DELHI: Go Daddy, the world's largest seller of domain names and SSL Certificates, plans to add about 40 people to its new India office opened last month. The company which has about 120,000 customers in the India market, counts domain re-sellers such as Directi , Sify , Net4 as its local rivals. Directi, the largest of all claims to have about 1 million customers. India has about 120 million Internet users currently, which are expected to rise to 300 million...

MUMBAI: He's known as much for his multi-billion-dollar leveraged buyouts as for his sometimes infamous birthday parties and the occasional rants that in the past even targeted the tax policies of President Obama. His opulent lifestyle — according to some a symbol of a new Gilded Age in Wall Street — or his collection of European Impressionists at his many condos and villas the world over make as much headlines as his bank balance, the...

KOLKATA: One person was today arrested by the Special Task Force (STF) of Kolkata Police from Bongaon area in North 24 Parganas district for allegedly making a threat call to the city office of Air India. Prasanta Biswas (35), a resident of Bongaon, was arrested for making the call to Air India's city office yesterday and he is presently being interrogated, city police sources said. A special team set up which comprises officers of the...

KOLKATA: A city court today remanded Prasanta Biswas , arrested for allegedly making a threat call to the city office of Air India here that one of its planes will be hijacked, to judicial custody till January nine. Additional chief metropolitan magistrate II Deepto Ghosh rejected the bail plea of Biswas and remanded him to judicial custody on a prayer by the prosecution counsel. Biswas was charged under section 66 A (b) of IT Act and section 506...

KOLKATA: A day after a threat call was received at the city office of the Air India, Special Task Force and detective department of the Kolkata Police launched an investigation while security has been beefed up at the NSC Bose International Airport here. A special team set up with officials of the STF and detective department was trying to track the number from which the call was made to the national carrier's city office, a senior police officer said. ...

KOLKATA: An anonymous telephone call threatening that an Air India plane would be hijacked was made to the city office of the state-owned carrier this evening, police said. A senior Kolkata police official said it was a brief call in Bengali threatening that an Air India flight would be hijacked. The official, however, did not specify which flight would be targeted. The official said that the local police station has been informed. City Police Commissioner Surajit Kar...

HYDERABAD: With the product patent regime round the corner and the ever increasing thrust on the US generic markets by the Indian pharmaceutical companies, the United States Food and Drugs Administration (USFDA) is contemplating branching out to India. Besides Delhi, cities like Mumbai and Hyderabad are being considered for locating its branch office. "USFDA's decision to set up an office in India is expected to save considerable time. The office will enable exchange of information between the US...

BANGALOR: Lawson Software, global provider of Enterprise Resources Planning (ERP) solutions and applications, today announced its expansion into the South Asia market with the opening of a new office in India. The opening of the new office in New Delhi is part of the firm's business strategy to expand its presence in the region and atract additional regional partners here, Harry Debes, President, CEO, Lawson Software told reporters. The St Paul,...

CHANDIGARH: Indian Premier League side Kings XI Punjab today announced its collaboration with AIDS Healthcare Foundation (AHF), the largest global AIDS organization providing medical care to AIDS affected patients through its India office, registered as India Cares. Under Kings XI Punjab's social responsibility plan, the aim of this initiative is to scale up awareness and implementation of HIV counseling, testing and referral services to the...

NEW DELHI: There's been a turnaround in sentiment on India both within and without — local businesses and global leaders are much more optimistic than they were a year ago, said Rich Lesser, president and chief executive of consultant BCG, soundly endorsing Prime Minister Narendra Modi's Make in India initiative. During his last visit a year ago, Indian business was frustrated that enough was not being done to push growth and revive the sluggish economy....